Facebook May Allow Employees to Sell Shares, WSJ Says
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Facebook Inc. may allow employees to sell as much as $1 billion of shares in an offering that would place the company’s value at $60 billion, the Wall Street Journal reported on its All Things Digital blog, citing unidentified people close to the situation.
The social-networking company wants to give employees a chance to sell shares because an initial public offering isn’t likely for at least a year, All Things Digital said.